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Markets to open on positive note - The Hindu BusinessLine

Markets to open on positive note - The Hindu BusinessLine
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Nifty, Sensex under pressure – Thursday closing report

Nifty, Sensex under pressure – Thursday closing report
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Oriental Foundry Pvt Ltd secures order worth Rs.32.92 crores

Oriental Foundry Pvt Ltd secures order worth Rs.32.92 crores
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Will meet its need for containers from domestic manufacturers: Concor

The Container Corporation of India on Friday said it will meet its annual need for around 8,000 containers from domestic manufacturers and no longer depend on China for its requirement.
Commerce and Industry Minister Piyush Goyal on Friday called on the industry to seriously explore the possibility of containers being manufactured in India given its chronic shortage for exports .
The Container Corporation of India (Concor), which spends about Rs 200 crore annually on procurement of containers, has already given a developmental order for 1,000 containers each to public sector undertakings Bharat Heavy Electricals (BHEL) and Braithwaite & Co.
Concor will soon issue tenders for the remaining 6,000 containers wherein only domestic firms will be able to participate under certain government rules. ....

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Concor set to source containers locally: CMD

It now imports 8,000 units from China
State-owned Container Corporation of India Ltd. (Concor) on Friday said it plans to source its annual requirement of about 8,000 containers, which till now were being imported from China, solely from domestic manufacturers.
Concor, that spends about ₹200 crore annually on procurement of containers, had already given a developmental order for 1,000 containers each to Bharat Heavy Electricals (BHEL) and Braithwaite & Co. both public sector undertakings. For the remaining 6,000 containers, the company would soon issue tenders in which only domestic firms would be able to participate.
“As of now, all containers are imported because there is no manufacturing capability in India,” said V. Kalyana Rama, CMD. ....

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